GE Summary

Company Description
General Electric (GE) is a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and industrial products, we serve customers in more than 100 countries. GE’s company segments are Energy Infrastructure, Technology Infrastructure, Capital Finance, and Consumer & Industrial products. GE is headquartered in Fairfield, Connecticut.

CEO: Jeffrey Immelt; Revenues: $152.46 Billion (2010); Employees: 287,000 (2010).

Statements on Climate Change
“We need to work in concert with the government and important groups like C2ES to promote and reward leadership. We are glad to join C2ES’s effort to work toward these goals – all keys for our shared future.” -Jeffrey Immelt, GE chairman and CEO

Climate Change Targets
GE seeks to reduce absolute emissions by 25 percent from 2004 levels by 2015 and to reduce energy intensity by 30 percent from 2004 levels by 2015.

Climate and Energy Solutions

Technology Solutions (C2ES's Climate Techbook [4] Factsheets)

Enhanced Geothermal Systems (C2ES Factsheet [5], Company Web Site [6])
Lighting Efficiency (C2ES Factsheet [7], Company Web Site [8])
Nuclear Power (C2ES Factsheet [9], Company Web Site [10])
Residential End-Use Efficiency (C2ES Factsheet [11], Company Web Site [12])
Smart Grid (C2ES Factsheet [13], Company Web Site [14])
Transportation Modes Overview (C2ES Factsheet [15], Company Web Site [16])

Relevant Links: GE Company Web Site [17], GE Environmental Web Site [18], GE Ecomagination Initiative [19]

short description:

GE [20]is a diversified company operating in: energy and technology, and financial services sector

Energy Efficiency Initiatives

Success Stories Summary:

GE’s “1-30-30” energy efficiency commitment is to reduce greenhouse gas (GHG) emissions by one percent by 2012, to decrease the intensity of emissions by 30 percent by 2008, and to improve energy efficiency by 30 percent by the end of 2012, all against a 2004 baseline.
In 2008, GE exceeded these goals, by achieving a 41 percent reduction in GHG intensity, and by a 37 percent improvement in energy efficiency.
GE’s ecomagination line of products includes a number of products that are significantly more energy efficient than other models. In 2008, GE had revenues of $17 billion attributable to ecomagination.

Internal Operations summary:

GE’s “1-30-30” energy efficiency commitment is to reduce greenhouse gas (GHG) emissions by one percent by 2012, to decrease the intensity of emissions by 30 percent by 2008, and to improve energy efficiency by 30 percent by the end of 2012, all against a 2004 baseline.
In 2008, GE exceeded these goals, by achieving a 41 percent reduction in GHG intensity, and by a 37 percent improvement in energy efficiency.
GE used Toyota’s “treasure hunt” process to identify energy efficiency opportunities at 150 facilities, and performed lighting upgrades at 62 facilities and also leveraged its Global Research Center to eliminate 50,000 tons of carbon dioxide equivalent at a facility.
GE developed "eCO2" - a site certification and awards program that recognizes the best performers in improved energy efficiency.

Products & Services summary:

GE’s ecomagination line of products includes a number of products that are significantly more energy efficient than other models. In 2008, GE had revenues of $17 billion attributable to ecomagination.
GE is investing in its Evolution Series locomotive platform to increase fuel efficiency.
GE’s ‘GEnx’ airplane engine consumes 15 percent less fuel and reduces nitrogen oxide emissions by 30 percent.

GE [20] is a member of the Business Environmental Leadership Council (BELC), the largest U.S.-based association of companies dedicated to business and policy solutions to climate change. GE is a diversified technology, media and financial services company focused on solving some of the world’s toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.

BELC Abstracts

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